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Responsible for procurement? Find out how you can close productivity gaps despite static headcounts and operational budgets.
Do you work in the supply chain? Find out how best to identify, measure and bridge procurement productivity gaps.
Are you a business leader? Hear how procurement leaders can create strategic value throughout the supply chain.
The focus of procurement chiefs has evolved, shifting from cost efficiencies to the creation of strategic value throughout the supply chain. But despite the growing scope and complexity of these roles, the procurement functions of most firms are constrained by static operational budgets and headcounts. Leaders who must perpetually do more with less find that closing productivity gaps helps to manage the task.
Yet many struggle to identify, measure and bridge these gaps. Some firms are occupied with digitisation; skill shortages hamper progress for others, especially when they need people who can use data to track improvement. But with good advice and tools, as well as time for reflection, procurement leaders find that aligning supplier relationships with broader corporate objectives is an effective way to boost productivity. Procurement policies and guidelines also need to be updated to match current trends.